About ShopShops
ShopShops is a company based in New York (United States) founded in 2016 by Xiao Qian Hang and Liyia Wu.. ShopShops has raised $64.21 million across 4 funding rounds from investors including TCG Ventures, LightShed Ventures and Acrew Capital. The company has 58 employees as of December 31, 2021. ShopShops offers products and services including Luxury Bags, Jewelry, Accessories, and Shoes. ShopShops operates in a competitive market with competitors including Flip, NTWRK, talkShopLive, buywith and Diddo, among others.
- Headquarter New York, United States
- Employees 58 as on 31 Dec, 2021
- Founders Xiao Qian Hang, Liyia Wu
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ishopshops, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$64.21 M (USD)
in 4 rounds
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Latest Funding Round
$29.11 M (USD), Series B
Jun 07, 2022
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Investors
TCG Ventures
& 11 more
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Employee Count
58
as on Dec 31, 2021
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Products & Services of ShopShops
ShopShops offers a comprehensive portfolio of products and services, including Luxury Bags, Jewelry, Accessories, and Shoes. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for purchasing authentic pre-owned designer bags from top brands.
Collection of pre-owned necklaces, earrings, and rings from premium designers.
Range of pre-owned belts, sunglasses, and scarves for everyday luxury.
Selection of authentic pre-owned designer shoes and boots.
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Funding Insights of ShopShops
ShopShops has successfully raised a total of $64.21M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $29.11 million completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $29.1M
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First Round
First Round
(09 Mar 2018)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series B - ShopShops | Valuation |
investors |
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| Jun, 2021 | Amount | Series B - ShopShops | Valuation | LightShed Ventures , Acrew Capital | |
| Jul, 2019 | Amount | Series A - ShopShops | Valuation | TCG Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ShopShops
ShopShops has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include TCG Ventures, LightShed Ventures and Acrew Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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LightShed Ventures is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Early-stage startups are funded by Acrew Capital venture firm.
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Founded Year | Domain | Location | |
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Venture capital firm focused on blockchain, wellbeing, and multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ShopShops
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ShopShops
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Shopshops Comparisons
Competitors of ShopShops
ShopShops operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Flip, NTWRK, talkShopLive, buywith and Diddo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online retailer of pre-owned refurbished smartphones
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| domain | founded_year | HQ Location |
Online platform for live video-based shopping
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| domain | founded_year | HQ Location |
Multi-category products are showcased via online live streaming platform.
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| domain | founded_year | HQ Location |
Live-video commerce solutions are provided for business streaming sales.
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| domain | founded_year | HQ Location |
AI-based live streaming solutions are provided for e-commerce brands.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Shopshops
Frequently Asked Questions about ShopShops
When was ShopShops founded?
ShopShops was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is ShopShops located?
ShopShops is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of ShopShops?
Liyia Wu is the current CEO of ShopShops. They have also founded this company.
Is ShopShops a funded company?
ShopShops is a funded company, having raised a total of $64.21M across 4 funding rounds to date. The company's 1st funding round was a Series A of $14M, raised on Mar 09, 2018.
How many employees does ShopShops have?
As of Dec 31, 2021, the latest employee count at ShopShops is 58.
What does ShopShops do?
ShopShops was founded in 2016 and is headquartered in New York, United States. An online platform is operated to facilitate the sale of luxury fashion items through live streaming sessions. The catalog encompasses bags, wallets, eyewear, hats, scarves, and jewelry across multiple categories. Co-founders include Xiao Qian Hang and Liyia Wu, who serves as CEO. Operations focus on e-commerce within the luxury sector.
Who are the top competitors of ShopShops?
ShopShops's top competitors include NTWRK, talkShopLive and buywith.
What products or services does ShopShops offer?
ShopShops offers Luxury Bags, Jewelry, Accessories, and Shoes.
Who are ShopShops's investors?
ShopShops has 12 investors. Key investors include TCG Ventures, LightShed Ventures, Acrew Capital, Union Square Ventures, and Forerunner Ventures.
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